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Todd's Turtles is expected to increase dividends by 20% in year 1 and by 15% in year 2. After that, dividends will increase at a
Todd's Turtles is expected to increase dividends by 20% in year 1 and by 15% in year 2. After that, dividends will increase at a rate of 5% per year indefinitely. The last dividend (Do) was $1.00 per share, and the required return is 20%. 1. The expected dividend in year 3 (D3) . (Round your answer to the nearest three decimals) 2. The price of the stock today (Po) should be $ . (Round your answer to the nearest tao decimals)
1. The expected dividend in year 3 (D3) . (Round your answer to the nearest three decimals)
2. The price of the stock today (Po) should be $ . (Round your answer to the nearest tao decimals)
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